SALEM, Ore. -MaPS Credit Union's new Administration Center is making a name for itself.
Recently, First Commercial Real Estate, Salem, was awarded the Bill Frey Commercial Transaction of the Year Award by the Salem Association of Realtors for its work in brokering the sale and development of the new MaPS building. Brokers Terri Frohnmayer and Jeff Corner worked with key players at MaPS, developers, the City of Salem, and downtown neighborhood associations to ensure that the complex transaction was successful.
According to Dan Penn, MaPS president/CEO, the transaction was noteworthy because it significantly decreased financial risk at both the time of purchase and leasing; allowed a seamless transition from the old building to new property without disruption of services; and provided a facility that MaPS can expand into at a future date.
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